ACCOUNTABILITY

The increased accountability of the PRI is one of our focus areas in the next ten-year blueprint. The PRI is set to implement minimum requirements for membership in 2018 alongside ways to highlight leadership and best practice.

Your input matters! Please take part in our 2017 consultation on proposed accountability measures and methods by completing our survey

For further information on all proposed measures, please review our consultation paper

 

The PRI’s consultation paper in December 2015 returned strong signatory support for using Reporting & Assessment data to increase peer-review and publicly differentiate signatories at different stages of RI implementation, to provide additional transparency and give a clearer picture of responsible investment trends.

The PRI’s proposed action plans are below:  

Delist signatories who do not make sufficient progress in implementing the principles to meet a basic criteria of being a signatory, as defined by PRI.      

Most signatories responding to the consultation were in favour of PRI delisting signatories that do not fulfil a basic criteria of being a PRI signatory.

PRI will deliver a methodology to identify signatories failing to make progress in implementing the 6 Principles. For those placed on a watchlist, engagement will be key, with a commitment to delist those that fail to demonstrate progress over a 2-3 year period.

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  • PRI will develop the basic criteria with input from the R&A Advisory Committee, Stakeholder Engagement Committee and the Board. 
  • All signatories can input through a public consultation that will finish during a workshop at PRI in Person in September 2017.  
  • Once the methodology is finalised and made public in 2018, a confidential list of signatories will be compiled from the 2018 reporting data and those that fall into it privately notified.
  • The PRI will engage with these signatories through a structured support plan to facilitate them making the required progress to meet the basic criteria.
  • Delisting would be the final measure if a signatory fails to meet the minimum requirements in the given period (likely to be 2 – 3 years) and following an impartial review of circumstances.

RECOGNISE LEADERSHIP

Most signatories responding to the consultation were in favour of PRI differentiating signatories that demonstrate leadership in implementing the 6 Principles.

PRI will develop a methodology to identify leading signatories and publicly recognise them accordingly.

  • PRI will develop the methodology for identifying leadership with input from the R&A Advisory Committee, Stakeholder Engagement Committee and the Board. 
  • All signatories can input through the public consultation before the Methodology is made public in 2018.
  • The leadership report will highlight, and share, good practices being carried out by different types of Signatories.
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